Why is the price of BTC still so high eventhough BCH is going up

[yrreg ger]

Maybe its like this. Because the number of btc has lessen, the price went higher. On bcc, since it has few numbers, and the first thing they do is let the receive bcc the same amount of btc in it, based on internet. We don't know how much bcc has been in wallets as of now, they consider it as demand and maybe a lot of them are on the account, that's why prices go high because they think those are demand. Nice strategy to make.

[1714245565]

1714245565

[aTriz]

Since the demand for Bitcoin is still pretty high, the price is high. Bitcoin cash has split from Bitcoin and the goal was to move people from Bitcoin to Bitcoin cash, but this didn't work since the community behind Bitcoin, didn't really support Bitcoin cash and didn't move over.

Since the supply for Bitcoin has also diminished prices went down. Now it is at 3.1K and it looks like it might even reach 3.5K by the end of the week. There has been a huge pump recently and this is the result of it.

[Kyraishi]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

I really don't think that it doesn't make sense.

When this happens it just means that bitcoin is going up even more than it should be. If you think about it, when bitcoin is stable but BCH goes up, in theory bitcoin is actually going up as well.

But this correlation between BCH and BTC price isn't going to last forever. Even though it's an airdrop there is only going to be a certain amount of time when the two currencies have an inverse relationship. BCH is already recognized as an altcoin more than it is a fork of bitcoin. In the future, BCH is going to be something similar to clams, another coin issued by blockchain snapshot.

[Appuned]

Maybe its like this. Because the number of btc has lessen, the price went higher. On bcc, since it has few numbers, and the first thing they do is let the receive bcc the same amount of btc in it, based on internet. We don't know how much bcc has been in wallets as of now, they consider it as demand and maybe a lot of them are on the account, that's why prices go high because they think those are demand. Nice strategy to make.

I think the BCC has more numbers than the BTC as the blockchain is longer.

[marcuslong]

It does not make any sense ...
the coins are doubled and 300-600$ is added to the value
does not make sense imo

Yes it always make sense when it comes with bitcoin the price will never be stable it will always comes with the price changes and price will increase or decrease depends off the holders and investors and also the users the demand of bitcoin keep growing and the users it self always looking for something new.